Sachin Jain Takes Helm As CEO For World Gold Council In India

Transitioning from DeBeers India, Jain will begin his new role in March 2024

The World Gold Council has revealed the appointment of Sachin Jain as the new CEO for its India operations, with him assuming the role starting March 2024. Jain comes to the World Gold Council from De Beers, where he has served in various senior capacities for the past 13 years.

In his most recent role as Managing Director of De Beers India, he successfully led the De Beers Forevermark business in India and the Middle East. Jain's extensive experience encompasses over two decades, and his in-depth understanding of the Indian consumer and jewellery market spans strategic planning to hands-on execution. Prior to his tenure at De Beers, Sachin has held notable senior positions at Lladro, Swatch Group, and Benetton.

David Tait, Global CEO, World Gold Council said, “I am delighted that Sachin is joining us at an important time for the Indian gold market. Sachin’s experience in the retail market, and jewellery industry is crucial to our efforts to enhance consumer’s trust in gold and in the Indian gold industry. In addition, his marketing expertise will help deepen our engagement not only with the gold industry but also with financial institutions and raise awareness of gold’s role in every investment portfolio. Sachin brings energy, enthusiasm, and a deep understanding of consumer behaviour, and I look forward to working with him to help more consumers realise the potential of gold in all its forms.”

Excited about his joining, Jain said, “It is a privilege to be entrusted with leading World Gold Council’s activities in India, given its pivotal role in shaping the gold industry. I am deeply impressed by the organisation's commitment to sustainability, responsible practices, and positive contributions to the global gold sector. My vision for gold industry in India is rooted in a dedication to fostering sustainable practices and driving positive change. I am looking forward to strengthening World Gold Council’s engagement with various stakeholders, promoting responsible practices, harnessing gold’s growing appeal as an investment asset, and enhancing its role in economic growth of India.”

Somasundaram PR, the current CEO for India at the World Gold Council, will maintain his existing position and duties until the arrival of Jain, ensuring a seamless transition. Even after Jain assumes the role, Somasundaram will persist in his association with the World Gold Council, taking on an advisory role specifically focused on establishing a Self-Regulatory Organization (SRO), a crucial initiative for the Indian gold industry.